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~ ~ , <br /> g~ 1139 I PC 1514 <br /> 5. The prior written consent of Lessor shall not be required; <br /> (a) To a transfer of said lease at foreclosure sale under the <br /> trust deed, under judicial foreclosure or by an <br /> assignment in lieu of foreclosure; or <br /> (b) To any subsequent transfer by the encumbrancer if the <br /> encumbrancer is an established bank, savings and loan <br /> association or insurance company, and is the purchaser <br /> at such foreclosure sale; <br /> Provided that in either such event the encumbrancer forthwith gives <br /> notice to the Lessor in writing of any such transfer, setting forth <br /> the name and address of the transferee, the effective date of such <br /> transfer and the express agreement of the transferee assuming and <br /> agreeing to perform all of the obligations of said lease, together <br /> <br /> with a copy of the document by which such transfer was made; and <br /> the payment to Lessor of the transfer fee provided in said lease <br /> <br /> but in any event not more than $50.00. <br /> (c) Any transferee under the provisions of the Lease shall be <br /> liable to perform the obligations of the LESSEE under <br /> said lease only so long as such transferee holds title to <br /> the leasehold. Any subsequent transfer of the leasehold <br /> shall not be made without the prior written consent of <br /> the Lessor and shall be subject to the conditions relating <br /> thereto as set forth in said lease. <br /> (d) Upon and immediately after the recording of the trust deed, <br /> Lessee, at Lessee's expense, shall cause to be recorded <br /> in the office of the Recorder of Orange County, California, <br /> a duly executed and acknowledged written request for <br /> 5 <br /> <br />